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Last updated: 09:43:19 Friday Jul 25, 2008


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  • Consumers, home sales paint less gloomy picture
    NEW YORK (Reuters) - Consumer sentiment rebounded in July from a 28-year low and business investment rose unexpectedly last month, according to data on Friday that showed rare signs of resilience for the U.S. economy.   Activities:2008 U.S. Recession   Source:(Reuters)   2008-07-25

    Home sales at 10-year low, jobless claims jump
    WASHINGTON (Reuters) - Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.   Nations:U.S.   Activities:2007 Global Credit Crunch 2008 U.S. Recession   Source:(Reuters)   2008-07-24

    The slump persists: Home sales tumble across US
    WASHINGTON - Sales of existing homes tumbled more sharply than expected in June, pushing activity down to the lowest level in more than a decade.   Nations:U.S.   Activities:2007 Global Credit Crunch 2008 U.S. Recession   Source:(AP)   2008-07-24

    Jobless claims jump as housing market gets weaker
    WASHINGTON - Two cornerstones of the economy -- jobs and housing -- sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.   Nations:U.S.   Activities:2008 U.S. Recession 2007 Global Credit Crunch   Source:(AP)   2008-07-24

    Minimum wage going up, little help as costs soar
    WASHINGTON - About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices are swallowing it up, and some small businesses will pass the cost of the wage hike to consumers.   Nations:U.S.   Activities:2007-8 Global Inflation   2008-07-23

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